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Mar 28, 2025
Fresh Del Monte Q1 2025 Earnings Report
Reported financial results for the first quarter ended March 28, 2025
Key Takeaways
Fresh Del Monte Produce Inc. reported net sales of $1,098.4 million for the first quarter of 2025, a slight decrease from the prior year. Gross profit increased by 12% to $92.2 million, with gross margin expanding to 8.4%. The increase in gross profit was primarily driven by the fresh and value-added products segment.
Net sales for Q1 2025 were $1,098.4 million, a decrease from $1,107.9 million in Q1 2024.
Gross profit increased to $92.2 million in Q1 2025, up from $82.3 million in Q1 2024.
Gross margin expanded to 8.4% in Q1 2025, compared to 7.4% in the prior-year period.
Increased gross profit was mainly driven by the fresh and value-added products segment.
Revenue by Segment
Forward Guidance
The company remains committed to long-term growth through innovation, sustainability, and operational excellence. They anticipate continued momentum, building on previous progress, with a focus on high-margin, value-added products.
Positive Outlook
- Continued momentum from the previous year's progress.
- Demand exceeding supply in the fresh and value-added products segment.
- Success of fresh and value-added products strategy driving gross profit and margin expansion.
- Commitment to creating long-term value through innovation, sustainability, and operational excellence.
- Expectations for continued growth in the fresh and value-added segment.
Challenges Ahead
- Lower net sales in the banana segment due to lower sales volume and negative impact of exchange rates.
- Lower sales volume and per unit selling prices in Asia for bananas due to lower market demand and excess industry supply.
- Lower sales volume in North America for bananas due to lower industry supply and weather-related logistic disruptions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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